4039 Van Buren Street, West Garfield Park, Chicago, Illinois 60624
$265,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1928 |
| Property Taxes: | $0 |
| Days On Market: | 1972 |
| Lot Size: | 0,07 |
Description
Be a part of the upcoming West Garfield Park Renaissance before it happens. Building consists of an Architecturally Significant Gold Brick true 3 flat plus full basement with soaring 9 foot ceilings throughout. Rare 3 Bedroom, 1 1/2 bath units with formal Living Rooms and separate formal Dining Rooms. Two car brick garage. Original hardwood flooring throughout, newer windows, good electrical and plumbing. Bathrooms, 1 1/2 each per unit are upgraded. Two kitchens are upgraded, and one is a commercial kitchen, needs cabinetry. Attractive bay windows with units graciously sized at 1600 square feet each. Each Unit has its own furnace with separate metering. Each unit's gas and electric on their own meter. Basement is pre-plumbed for a bathroom and has high ceilings. Endless possibilities as basement has extremely high ceilings, its own rear exit as well as an easy retrofit for an interior access from main lobby. Dry basement. Basement viewable from entryways but fully accessible upon a fully executed contract and inspection only due to demolition debris still housed in the basement which had been in process of being finished. Currently no taxes as the property is tax-exempt due to the non-profit entity's ownership. Recent "twin sister" building same block across the street had taxes in 2018 of $4589 annually and would serve as an estimate or indicator of generalized amount in theory. Superb location just one block north of 290, Eisenhower Expressway, at Pulaski. Only 3 blocks West of Garfield Park and only a 2 block walk to the Pulaski Blue Line Station. Downtown 8 minutes driving and 15 minutes on the Blue Line. Groceries and Gas Station and shopping nearby. Significant building. All cash offers need to be submitted with proof of cash funds. Significant building rarely found in Chicago. Amazing for cash investor or FHA 203k since no current rental incomes and would not be allowable under conventional financing. Building is in phenomenally good shape and rehabbed already....just a few cosmetic touches to enhance its beauty. Full formal dining rooms lend beautifully to a 4th bedroom if desired with minimal framing, drywall, and a door. Rare and below market opportunity for someone to capture for their own investment. Eastern edge of West Garfield Park. Cash Buyer Proof of Funds and / or Buyer Pre-qualification must be provided to list broker via email prior to any showing request being confirmed. Amazing Extra long building, huge units. 23% CAP Rate - if using FHA 3.5% down with 100k 203k extra = 17k out of pocket only and a 233% Return on Investment. Amazing. PreQualification or POF to view.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1928 | |
| Full | |
| 3 FLAT | |
| No | |
| 0.07 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer, Sewer-Storm | |
| 10766043 | |
| 16152270090000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 3 Aug, 2020 | Sold | $265,000 | MRED MLS |
| 1 Jul, 2020 | Under contract | $265,000 | MRED MLS |
| 1 Jul, 2020 | Listed for sale | $265,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished,Exterior Access,Bathroom Rough-In
Other Specifics
| 2 | |
| Concrete Perimeter | |
| — | |
| Storms/Screens | |
| — | |
| 25 X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Clubhouse, Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
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